Here are the leading cryptocurrencies with the most profitable holders – details

TL;DR

Tron (TRX) leads the way with 87% of investors currently in profit. Cardano (ADA) is on the opposite side, with most of its holders underwater. Bitcoin (BTC) is among the leaders

The enhanced volatility of the cryptocurrency market has significantly affected investors in various digital assets. At the start of the week, prices were plummeting, leading to significant paper losses for HODLers, while the subsequent rally partially patched things up for those who weathered the turbulence without selling their stash.

In the following lines, we will check the percentage of profitable investors in some of the leading digital currencies (more specifically, those with a market capitalization of more than 10 billion dollars).

Those investing in Tron (TRX) are leading the pack. According to IntoTheBlock, approximately 87% of holders are on the green, while only 8% are underwater.

Bitcoin (BTC) is next in line. About 85% of those who have entered the ecosystem are sitting on some paper profits, while 13% are in the red. The majority of BTC investors (71%) jumped on the bandwagon more than a year ago, 24% did so in the last 12 months, while only 5% jumped on the bandwagon in the last 30 days.

The largest meme coin, Dogecoin (DOGE), is in third place, with 70% of its holders currently in the money of their investments. Similar to BTC, most of its investors entered the ecosystem at least a year ago.

The fourth place in terms of profitability belongs to Ethereum (ETH), which was one of the most affected assets during the fall on Monday (August 5). At the moment, 68% of the holders are in the green and 28% are sitting with paper losses.

What about the biggest losers?

Some of the major cryptocurrencies, on the other hand, have not been that way for their holders. For example, 52% of Shiba Inu (SHIB) investors are currently underwater, while 47% are profitable. The situation was much different during the mid-March bull run, when roughly 63% of holders were in the green.

Cardano (ADA) holders have fared even worse. As CryptoPotato reported amid the market collapse on August 5, the proportion of investors sitting on some paper profits was less than 1%. The subsequent upswing in the sector slightly changed the gloomy picture, and for now, 16% of ADA HODLs see their initial investment increase.

Other well-known cryptocurrencies whose investors are predominantly in the red include Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), Dai (DAI), and more.

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